Skip to main content

About your Search

20130112
20130112
LANGUAGE
Search Results 0 to 32 of about 33 (some duplicates have been removed)
CNN
Jan 12, 2013 10:00am PST
our elected officials don't put major blocks in your way. i'm ali velshi. debt ceilings, budgets and spending cuts are all you'll hear coming out of washington for the next few months. the partisan warfare in washington could put a dent in any recovery. the threat is real. the next battle will be another clash over raising the u.s. debt ceiling. the current ceiling was officially hit on december 31st, but like last time the u.s. treasury is using extraordinary measures to get through about late february or early march. if congress doesn't act by then, the government risks not being able to pay some of its bills. republicans seem to think the debt ceiling is a useful tool to limit how much the government spends, but that is not what the debt ceiling law is supposed to do. it gives the u.s. treasury the flexibility to borrow money to pay the government's bills without going to congress to get approval every single time. it has nothing to do with spe spending or debt control. you might want it to be about spending control like i'd like to be in "people's" list of 50 most beautiful peopl
CNBC
Jan 11, 2013 7:00pm EST
congress and increase the debt ceiling. but he cannot legally or constitutionally do that. john boehner reacts by saying washington must stop spending money it doesn't have. >>> speaking of sequester spending cuts, defense department is gearing up, so is homeland security. and the tsa. did you get your paycheck today? notice something missing? the payroll tax holiday is over. will this middle class tax hike really damage the economy? "the kudlow report" begins right now. >>> first up tonight, a developing story. four democratic senators sent a letter to president obama late this afternoon. they want him to use any means necessary to raise the debt ceiling without republican house spending cuts. that's right. cnbc's eamon javers has the details. >> reporter: let me get right to exactly what that quartet of senators said. in their letter to president obama which was viewed widely as shoring up his left flank in the political debate over the debt ceiling. what they wrote was "we believe you must be willing to take any lawful steps to ensure that america does not break its promises and trig
FOX News
Jan 12, 2013 3:00pm PST
separation of powers playing out over the debt ceiling. four leading democrats urging president obama to consider doing an end run around congress by raising the nation's borrowing limit without congressional approval. does the president have this authority? what could democrats think if the party dynamics were reversed? bringing in our political panel, mercedes, former spokesperson for president george w. bush, and richard goodstein, the democratic political consultant and former advisor to hillary clinton for president in 2008. good to see both of you. >> thank you. >> arthel: mercedes, you first. should president obama invoke the 14th amendment protection and bypass congress and do you think raising the debt ceiling is good or bad for the good of the country and tell me why? >> it would be unwise for president obama to basically bypass congress. as we know in the constitution, it clearly states that congress has the power of the purse. so it is their responsibility to deal with the debt ceiling. if we give the president this raw power grab, i think it would have a huge negative effect
CNN
Jan 12, 2013 6:30am PST
will come in that day. $52 billion in bills come due. if congress doesn't raise the debt ceiling, congress has to decide which of these bills to pay. interest on the debt we already owe, that's $30 billion. irs refunds, about $7 billion. federal salaries, difficult tut military paychecks, medicare, medicaid bills, defense vendors need to be paid. unemployment checks need to get cut. food stamp debit cards need to be refilled. deficit piles up into national debt. i'm joined by senior political columnist of the daily beast and mayaguinness. maya, should the debt ceiling be the place to argue about spending cuts? >> in the past, the debt controlling has been used responsibly, to help us push for making changes to the budget when we're on an unsustainable course. can you kind of think of it as a speed bump. we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economi
MSNBC
Jan 12, 2013 4:00am PST
it mission accomplished? a new way to avoid the debt ceiling. hear what senate democrats are telling the president to do today. >>> fighting the flu. the illness has now reached epidemic levels in the u.s. is it slowing down? >>> signature moment. how comics are taking on jacob lew's unique, to say the least, scrawl of his name. good morning, everyone. welcome to "weekends with alex witt." what's happening out there. after meeting with the president of afghanistan, president obama sharing new details this morning on how he plans to end the u.s. involvement there. >> this remains a very difficult mission, the work ahead will not be easy. our forces are still in harm's way. but make no mistake, our path is clear, and we are moving forward. because after a decade of war, the nation we need to rebuild is our own. >> kristen welker is at the white house. a very good start morning to you. let's talk about the details that the president revealed about the future role of the u.s. in afghanistan. >> good morning to you, alex. the big headline that came out of the joint news conference
MSNBC
Jan 12, 2013 1:00pm PST
white house must first deal with the spending and the looming debt ceiling and if congress refuses to raise the debt ceiling coming up, the u.s. go in default. that could trigger a worse economy reaction than we feared in the fiscal cliff situation. we have the latest. if republicans refuse to raise the debt ceiling there's the possibility that the president can work around the congress, but it's likely. >> there are a couple of possibilities that are being floated around, thomas. one is that the white house could use the 14th amendment, that would allow the president to increase the debt ceiling without congress' approval, and it says validity of the public debt of the united states shall not be questioned. some democrats wrote a letter to the white house on friday saying it gives the president the authority to increase the debt ceiling unilaterally, and another option that is floated is to essentially mint a platinum coin worth a trillion dollars. this is a idea that dates back to a 1997 appropriations bill that deals with the issue. the white house saying they do not believe that t
MSNBC
Jan 11, 2013 5:00pm PST
america hostage with the debt ceiling. the president can legally call on the treasury department to mint a trillion dollar platinum coin to pay off the country's debts. the coin must be platinum. kit be any size, and it can be assigned a trillion denomination. this is kind of a crazy option, but then again republicans holding america hostage over the debt court of appealing is even crazier. some economists think the platinum coin could send the economy into a tailspin, but others think it's a great idea. pulitzer prize winning economist paul krugman said president obama should absolutely mint the coin if republicans try to force america into default. klugman also said that john boehner's face should bonn the coin because without him, the coin wouldn't be needed. meanwhile, republicans have been lying to americans on the debt ceiling for weeks, and now the fox news misinformation machine in high gear, hitting the platinum coin issue. neil cavuto put up this misleading graphic during his show on thursday. it claimed the coin would weigh 17,000 tons, about the weight of 89 blue whales
MSNBC
Jan 12, 2013 12:00am PST
republicans try to hold the country hostage over the debt ceiling. we'll bring you the details. stay with us. >>> and of course, we love hearing from our viewers on our twitter and our facebook page. many of you are responding to my interview last night with bill >>> and of course, we love hearing from our viewers on our twitter and our facebook page. many of you are responding to my interview last night with bill mcgee, a parent who opposes arming teachers in his children's school. on facebook, peggy clay bring wries if having armed teachers in school is such a good idea, why hide it from the parents? arnold suggests if we are going to arm teachers, send them to west point instead of normal colleges. then we will have qualified vigilantes. and elaine violet, a staunch supporter of the second amendment says guns in school is asking for a disaster. everyone needs to calm down and be rational. good god, has everyone lost it? keep sharing your thoughts with us and like us on facebook and on twitter using the hash tag edshow. >>> still to come, protecting athletes from brain injuries. i'll talk
MSNBC
Jan 11, 2013 8:00pm PST
the country hostage over the debt ceiling. we'll bring you the details. stay with us. if there was a pill to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. >>> and of course, we love hearing from our viewers on our twitter and our facebook page. many of you are responding to my interview last night with bill mcgee, a parent who opposes arming teachers in his children's school. on facebook, peggy clay bring wries if having armed teachers in school is such a good idea, why hide it from the parents? arnold suggests if we are going to arm teachers, send them to west point instead of normal colleges. then we will have qualified vigilantes. and elaine violet, a staunch su
FOX News
Jan 12, 2013 1:00am PST
. >> debt ceiling. bait coming up. bad thing about this bieber thing is lots of kids. >> that's true. >> bill: they look up to him. it's like jerry matters in the 1960's if he was shooting heroin with wally and beeb. he was beeb. we don't want justin bieber. you have a responsibility to the kids, justin, they buy yourself. don't be using drugs in public. is that reasonable? am i reasonable here. >> completely for a change absolutely. your nails look great by the way. >> bill: this nail fetish you have mcguirk, this is starting to disturb me. in a moment, factor tip of the day. why, why is this baby dancing? the tip 60 seconds away. >> factor tip of the day. should babies dance, in a moment. first some male, champaign, illinois, your talking points summed up the current status of the country. the president is accumulating more power and people are the not paying attention. >> and michael stapleton, min ams. -- minneapolis. and why don't you tell two wars and tax cuts run up the 16 trillion dollar web make, get off the websites, maybe that would be a good thing for you. the wars are a
MSNBC
Jan 12, 2013 5:00am PST
carney fielded a question about the proposal from our own chuck todd. >> follow up on debt ceiling. i know your position hasn't changed. do you have a position on this trillion dollar coin business? >> i would simply go back to what i said. the option here is for congress to do its job and pay its bills. bills that have already been racked up. >> will you totally rule it out? >> you can speculate about a lot of things. but nothing needs to come to these kinds of, you know, speculative notions about how to deal with a problem that is easily resolved by congress doing its job. >> okay. sure. but if congress doesn't do its job, here's how the coin would work. republicans are once again threatening to hold the debt ceiling hostage as they did in the summer of 2011. they will not raise the amount they can borrow. we're already slated for european levels of austerity this year. if no deal is reached, the u.s. has to start stiffing its creditors, deciding how to prioritize payments which will cause markets to freak and interest rates to spike. enter the coin. it turns out there is a subsecti
FOX Business
Jan 12, 2013 3:00am EST
try to unilaterally raise the debt ceiling without approval of congress. and that is the scuttlebutt right now in washington, that the president is simply going to do it whether congress authorizes that extension or not. neil: you know, sabrina, it's odd that this is occurring the same week we saw the movie "lincoln" honored with 12 oscar nods. of course, a lot of people point to the fact that abraham lincoln, you know, habeas corpus went way after and way beyond what constitutional powers he was granted, and critics say this president is, essentially, doing the same. i always remind people with this flippant comment, i knew abraham lincoln. abraham lincoln was kind of an historical friend of mine. this guy's no abraham lincoln, nor are the circumstances the same. what do you say? >> you're exactly right. the difference is abraham lincoln had his priorities in order, and one of the re problems with president obama is his priorities seem to be a mess. instead of talking about spending control, we're talking about gun control. instead of talking about solid, long-term economic solution
FOX Business
Jan 12, 2013 6:00pm EST
president who supported saying the constitution allows him to raise the debt ceiling on his own, again, congress be damned. add it up, i'm telling you, barack obama is doubling down. and here's the kicker. with plenty of compliant democrats in congress to help. but those democrats might regret what they're aiding and abetting, because they're the ones who'll be fumbling and fuming. when nancy pelosi pushes the 14th amendment to give the power to bypass congress, she is giving him the power to bypass her too. you don't need a trillion dollar magic coin to realize this is nothing less than a high stakes power grab. now, it's not unusual for presidents of either party to try. it is very unusual for so many in both parts to lay down and let him do it. all right, here to hash it out, constitutional expert ilya shapiro and sabrina schafer as well as "the wall street journal"'s steve moore. steve, a disturbing series of events, to put it mildly. >> no question about it, neil. and, look, we have a three-branch system of government in washington. the president is the chief of the executive bran
FOX News
Jan 12, 2013 1:00pm PST
the debt ceiling to go up unless there is a dollar for dollar tradeoff in cuts. >> the last deal went through without the spending cuts. the president does have some authority, doesn't he, to take care of the debt limit on his own. is there a compromise between that and getting bipartisan support for an agreement? >> right. any lawful steps. that is the big mystery, what are the lawful steps. two steps that people are talking about. one that is seemingly quite legal but sort of wacky sounding and one is questionably legal but mainstream. wacky one would be minting a trillion dollar coin. totally legal. president has the authority to make coins out of platinum and whatever denomination. in theory he could have one coin and composite ted at federal reserve and pay down that for several months. who would pay for that? you get enough platinum and declare the value is trillion dollars and it's legal and the federal government could write checks against that one coin. it is legal. the more mainstream one is questionable legality. president itself he doesn't think he has the legality to
FOX News
Jan 11, 2013 8:00pm PST
question. >> bill: probably not. >> debt ceiling. bait coming up. bad thing about this bieber thing is lots of kids. >> that's true. >> bill: they look up to him. it's like jerry matters in the 1960's if he was shooting heroin with wally and beeb. he was beeb. we don't want justin bieber. you have a responsibility to the kids, justin, they buy yourself. don't be using drugs in public. is that reasonable? am i reasonable here. >> completely for a change absolutely. your nails look great by the way. >> bill: this nail fetish you have mcguirk, this is starting to disturb me. in a moment, factor tip of the day. why, why is this baby dancing? the tip 60 seconds away. aig? we said we were going to turn it around, and we did. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the t recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people reco
PBS
Jan 11, 2013 11:00pm PST
congress prevents it, you know creates an entirely self-inflicted shortage through the debt ceiling. how is it exactly that we're supposed to have this crisis that leads to a double dip recession? it really doesn't even make sense as a story. and yet it is one of those things that people say and by and large, are not contradicted on. >> we keep hearing from the right that we're here on the path to becoming greece, and you say that that's impossible? >> yeah. we, even if, suppose that people decided, investors decided they don't like u.s. government debt, it can't cause a funding crisis because the u.s. government prints money. it's even hard to see how it can drive up interest rates because the fed sets interest rates at the short end, and why exactly would the long run rates go up if you don't expect the fed to raise rates? it could lead to a weakening of the u.s. dollar against other currencies. but that's actually a good thing. that would make u.s. exports more competitive. that would actually boost our economy. so it's, actually impossible to tell that story, as far as i can tell. an
MSNBC
Jan 12, 2013 12:00pm PST
debt ceiling in a letter to the president yesterday. senate majority lead are harry reid and other top democrats urged the president to take any lawful stps to protect the u.s. from defaulting on its debt and bypassing congress if necessary. is the president ready to invoke the constitution's 14th amendment. it's the big question, nbc news' kristen welker joins me. i understand you have a highlighter in your hand to display the seriousness of what it would mean to invoke the 14th amendment. >> the 14th amendment is very complicated. i want to make sure i'm covering my basis to give everyone a quick explainer of what it is and it goes to the post-civil war era and it is in the expansive rights of the civil war and there is a part of it that deals with the nation's did not and that's where this highlighter comes in. and it states, quote, the validity of the public debt of the united states shall not be questioned. that is the part of the 14th amendment that those senators that you just referenced are seizing on to say that the president should increase the debt limit without the help
CSPAN
Jan 12, 2013 3:45pm EST
them thought that the debt ceiling should not be increased. basically they believe that their job is to obstruct barack obama and then once there is a republican president in place, to have a better business climate with more deregulation or the funding of programs that have never quite been near and dear to them. yes, i think they do believe that. flashing forward a little bit, we have that fiasco of 2011. when we were taken to the brink of a fiscal cliff what we were about to see again, the thinking on the part of the house republicans leadership was maybe our tea party question will realize that compromise is not such a bad thing. the opposite occurred. they went home and the people tend to be the activists of their party and those people tend to be the tea party and they were the ones screaming and asking why did you accept a deal? there have been mixed messages and it is likely that we will see mixed signals from these people. >> the mixed freshmen are members of congress and they think the way, if only we could control them. it indicates that the leadership feels it is, itself,
CSPAN
Jan 11, 2013 10:30pm EST
is what we will do in the next two years in the senate. we have the debt ceiling coming up, and i want to be part of that fight. i will pour myself into it because there always is so much importance to be put into it. i have every intention of keeping up this intensity. this is a no-holds-barred approach that i will continue to have to solve problems that affect people's lives. i will never stop working for the people that meant so much to me. and there is another great passion in my life, certainly right here. in front of me. including valerie, that has the flu. so do not talk to her too much. sharon, and our grandchildren have not had enough of me. maybe they do not feel that way, but i do. they bring such total joy. it is time, pretty soon, for me to do public service in new ways. for sharon and our family to be my first priority. that is the way it comes to be. [applause] so i will close with heartfelt gratitude to all of you for coming here today, for everything that you all have done in so many different ways over the years. to my family whose support is unparalleled, and wh
MSNBC
Jan 12, 2013 7:00am PST
ignore this debt ceiling fight, so if he follows the two scholars' lead and simply issues new bonds, congress be damned, he may be fulfilling the constitutional duty and that would be of course at the expense of the pesky separation of powers. oops. because that old document also stipulates that the congress and only the document has the power of the purse. article i of the constitution state s th states that the congress and not the president has the power to borrow money into credit of the united states, but when you face a congress who refuses to act on its power, how does the president keep the government from going to pieces? the context of the realities of contemporary governing, maybe the con ttext should be, what would lincoln do? with me is dorian and michael crowley, senior correspondent and deputy chief of "time" magazine and christine beltran, associate professor of new york university, and mark alexander, a professor of law at seton hall. i want to start with you, mark, because you are there in a law school to teach the interpretation of the constitution to people who a
CBS
Jan 12, 2013 7:00am PST
administration says that the only solution for the problem is for congress to raise that debt ceiling. >>> some bloggers are online and they believe they have the answer to the nation's debt ceiling crisis that the treasury should simply mean a $1 trillion platinum coin. keep it in reserve, then use the money to pay bills. others say it is not realistic as far as being approached to the solution. you may have seen her and her sister marianne around becoming local staples after moving to the bay area from michigan more than four decades ago. they are unmistakable. that's after they fell ill in july. vivian brown would have turned 86 later this month. >>> and brushing your pet's teeth may seem like a difficult task. up next why it is important, much more important than what you think. >>> a surprise for the fast food drivers. no driver to be found. we'll be right back. >>> we've got a forecast that will bring a chill to your heart and to have everything else quite frankly with a freeze warning that will be posted to the bay area. it will be cold this morning and cold tonight. but the daytime, bef
MSNBC
Jan 12, 2013 9:00am PST
president obama to consider any lawful steps to avoid a debt ceiling crisis, even fit means acting without congressional approval. the associated press reports majority leader harry reid is among those urging the president to consider options like invoking the 14th amendment to find ways around the nearly $16.5 trillion cap on government borrowing. and newark, new jersey mayor corey booker is one step closer to a senate run after filing paperwork with the federal election commission this week. meanwhile, politoco reports a top aide to democratic senator frank lawsuit enberg called booker "self-absorbed" accusing the mayor of bee trying the democratic party by skipping a run against republican governor chris christie. >>> well, joining me right now we have msnbc contributing and managing editor joy an reid and white house reporter for the "washington post." and with a hello to both of you, david i'm going to go up to you first. let's go to afghanistan with the president accelerating the withdrawal of troops right now. what did we learn from that news conference as to a timeline? >>
CNN
Jan 11, 2013 8:00pm PST
to have another debt ceiling debate. at the end of the day, we have to reign in the spending. we have $16 trillion in debt. most people cannot fathom how many $1 million is, let alone $1 trillion. when we are spending $1.4 trillion to $1.6 trillion, it is a real issue that needs to be dealt with. the bottom line is, these people are going to washington. they are being elected by we the people. they work for us. they are going to washington and they are not doing their job. this fiscal cliff deal, they had three to six minutes to read the bill before they actually voted on it. that is not acceptable. it's not about party politics. erin is right. there is a problem. the tea party movement was born out of frustration with both political parties but specially the republican party. i would say that we're the threat to the republican party. a great, great true fiscal conservative, a constitutionalist, who was just elected a senator from the state of texas, just put in as the vice chairman of the nrc. that is a victory for us. the only way we are going to change it is to change it from withi
NBC
Jan 11, 2013 6:00pm PST
outcome of the debt ceiling debates will have a major impact. >> if, in fact, the president and congress cannot agree on the debt limit, you could have walking disaster. that will take down the american economy and all states. >> not very encouraging. we should and will redevelop some legislation, prop 30. a different reality that we still have a deficit. the lao will be releasing a new report on monday. sam brock, nbc bay area news. back to you. >> thank you very much, sam. a united front today. president obama and afghan president hamid karzai appeared together to talk about the future of afghanistan. nbc bay area's janelle wang is here with our world tonight. >>> the two announced they are going to speed things up slightly when it comes to transitioning military control. the afghan army is exceeding initial expectations so they will take the lead this spring rather than this summer as planned. u.s. forces will then shift to a supporting role. currently the afghan army is leading 80% of the on 0 racials there and by next month it will be at 90%. >> our plans will continue to b
CNN
Jan 11, 2013 11:00pm PST
. and we're not going to give up. in august of 2011, we had the big debt ceiling debate, we're going to have another one. at the end of the day, we have to rein in the spending, we have $16 trillion in debt. most people cannot fathom how much even $1 million is let alone a trillion. so when we have $16 trillion in debt and we're spending $1.4 trillion or $1.6 trillion more every single year than we're bringing in, it is a real issue that needs to be dealt with. and the bottom line is, these people, it doesn't matter what party they're in, they're going to washington, they're being elected by we, the people, they work for us and they're going to washington and not doing their job. this fiscal cliff deal, they had three to six minutes to read the bill. that is not acceptable. and again, it's not about party politics. but you know what? i'm going to say this, erick is right, there's a problem, the tea party movement was born out of frustration with both political parties but especially the republican party and i would say that we're the threat to the republican party and we do, you can't c
CSPAN
Jan 11, 2013 11:00pm EST
elected, they are progressive. we are coming up against the debt ceiling and i'm getting ready to rip up my voters fired if the debt ceiling is raised without comparable spending cut. not spending as promised in the future sometimes down the road. the fiscal cliff was 41 to one. i will never vote again in this country if it comes up to that. >> guest: don't give up on voting. that's the one thing i beg you not to do because if so, so critical month of, the one thing we all have this so important. as i was talking about a little bit earlier, the debate over the first fiscal cliff, which is some thing the congress has set upon themselves. i think there's a really good ideas talked about early on, proposals by the president to really make significant cuts. i expect anyways both democrats and republicans are going to sit down and find answers for economic situation. we have to do it. the good news they believe as we have new members. i'm proud to say we have new democratic women in these discussions. folks like elizabeth warren, tammy baldwin and 16 new members on the house side. >> host: wh
CSPAN
Jan 11, 2013 7:00pm EST
are progressive. we're coming up -- against the debt ceiling. i'm getting ready to rip up my voter's card if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. that is one thing i beg you not to do. the debate over the first fiscal cliff, is something that this congress has set upon themselves, these fiscal cliffs. i think there are some really good ideas and proposals by the president to make some significant cuts. democrats and republicans are going to sit down and try to find answers for our economic situation. we have to do it. the good news, i believe, is that we have a lot of new members. i'm proud to say we have a lot of new democratic women that will be in discussions, " like senator warren, tammy baldwin. it corrects and on the leadership side, who are the ones to watch as far as -- host: and on the leadership side, who are the ones to watch? guest: we have a woman on the budget committee and of course, nancy pelosi on the house side. as you m
Search Results 0 to 32 of about 33 (some duplicates have been removed)